540 Units
Senior Living Investment Brokerage (SLIB) successfully facilitated the disposition of an eight-property seniors housing portfolio in Colorado, totaling 540 units. Across the portfolio, assets totaled approximately ± 37.76 acres and ± 612,458 square feet.
The Seller, whom is also the operator and local to Fort Collins, started Columbine Health System in 1971. The motivation to sell was to divest of his14-asset portfolio. SLIB divested the portfolio in two tranches to two buyer groups. This second, and final tranche, included eight communities. The buyer is a Tennessee based REIT partnering with an Oregon based regional operator. This is a strategic and significant expansion in Colorado for both groups.
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